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Stock Market & Financial Investment News

News Breaks
July 22, 2014
10:00 EDTAMZN, UMC, STI, MTDR, IP, IMO, CDNS, NILE, ARCO, WFMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Amazon.com (AMZN) downgraded to Neutral from Buy at Citigroup... Arcos Dorados (ARCO) downgraded at HSBC... Blue Nile (NILE) downgraded to Market Perform from Outperform at William Blair... Cadence Design (CDNS) downgraded to Neutral from Overweight at JPMorgan... Imperial Oil (IMO) downgraded to Sell from Hold at Canaccord... International Paper (IP) downgraded to Buy from Conviction Buy at Goldman... Matador (MTDR) downgraded to Hold from Buy at Stifel... SunTrust (STI) downgraded to Equal-Weight from Overweight at Evercore... United Microelectronics (UMC) downgraded to Underperform from Buy at BofA/Merrill... Whole Foods (WFM) downgraded to Underperform from Peer Perform at Wolfe Research.
News For AMZN;ARCO;NILE;CDNS;IMO;IP;MTDR;STI;UMC;WFM From The Last 14 Days
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October 8, 2014
10:00 EDTCDNSOn The Fly: Analyst Initiation Summary
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09:42 EDTAMZNeBay SSS rose 8.9% in September, Amazon SSS up 37.9%, ChannelAdvisor says
Amazon's (AMZN) September SSS rose 37.9%, a decrease compared to August's 45.1%, ChannelAdvisor reported. eBay's (EBAY) September came in at 8.9% up from August's 5.9%, but below the e-commerce growth rate. "This is the first up-tick in eBay SSS since June and indicates that eBay is recovering from the breach and Google issues," ChannelAdvisor stated. Reference Link
09:05 EDTWFMLionsgate partners with Doritos, Mazda and Whole Foods Market for new film
Lionsgate (LGF) announced that PepsiCo's (PEP) Doritos, Mazda and Whole Foods Market's (WFM) Whole Planet Foundation will partner with the studio for the film The Hunger Games: Mockingjay – Part 1 which opens in theaters worldwide on November 21.
06:53 EDTAMZNAmazon has not enacted Luxembourg special tax agreements, Reuters says
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06:28 EDTSTIM&T Bank, SunTrust may miss Q3 expectations, says Citigroup
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06:13 EDTAMZNNon-Apple notebook, tablet demand to be weak till 2Q15, DigiTimes reports
Demand for non-Apple (AAPL) notebooks and tablets may remain weak until the second quarter of 2015, reports DigiTimes. Citing Taiwan makers, the pressure due to booming sales from Apple products may decrease sales until Microsoft (MSFT) launches Windows 10 next year. Demand for Samsung (SSNLF), Sony (SNE) , And HTC smartphones have also dropped worldwide recently. Reference Link
October 7, 2014
16:35 EDTWFMConsolidated Tomoka acquires Whole Foods Market Centre in Sarasota FL
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16:32 EDTCDNSCadence Design initiated with an Outperform at Northland
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16:00 EDTAMZNOptions Update; October 7, 2014
iPath S&P 500 VIX Short-Term Futures up 2.16 to 32.24 Option volume leaders: AAPL TSLA TWTR AMZN FB VZ AA HTZ NFLX PBR according to Track Data.
10:02 EDTSTIOn The Fly: Analyst Initiation Summary
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10:02 EDTIPOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Air France-KLM (AFLYY) upgraded to Overweight from Underweight at JPMorgan... Alcobra (ADHD) upgraded to Outperform at FBR Capital... Alon USA Partners (ALDW) upgraded to Buy from Neutral at Citigroup... Becton Dickinson (BDX) upgraded to Buy from Hold at Stifel... CNOOC (CEO) upgraded at Bernstein... CTC Media (CTCM) upgraded to Buy from Hold at Deutsche Bank... CVR Refining (CVRR) upgraded to Buy from Neutral at Citigroup... CalAmp (CAMP) upgraded to Outperform from Neutral at Macquarie... China Unicom (CHU) upgraded to Overweight from Equal Weight at Barclays... Crown Holdings (CCK) upgraded at Macquarie... Dick's Sporting (DKS) upgraded to Buy from Neutral at Goldman... Fortuna Silver Mines (FSM) upgraded to Outperformer from Sector Performer at CIBC... Franco-Nevada (FNV) upgraded to Buy from Hold at TD Securities... Horsehead Holding (ZINC) upgraded to Outperform from Market Perform at FBR Capital... Ingersoll-Rand (IR) upgraded to Buy from Neutral at Goldman... IntercontinentalExchange (ICE) upgraded to Buy from Neutral at Citigroup... International Paper (IP) upgraded at BofA/Merrill... Leidos (LDOS) upgraded to Neutral from Underperform at Credit Suisse... Lennox (LII) upgraded to Positive from Neutral at Susquehanna... MGM Resorts (MGM) upgraded to Buy from Hold at Deutsche Bank... Natus Medical (BABY) upgraded to Outperform at William Blair... Noodles & Company (NDLS) upgraded to Buy from Hold at Jefferies... Phillips 66 (PSX) upgraded to Buy from Neutral at Citigroup... RockTenn (RKT) upgraded to Buy from Neutral at BofA/Merrill... Smith & Nephew (SNN) upgraded to Hold from Sell at Societe Generale... Sotheby's (BID) upgraded to Buy from Hold at Craig-Hallum... Sun Life Financial (SLF) upgraded to Overweight from Equal Weight at Barclays... WellCare (WCG) upgraded at Sterne Agee... Yamana Gold (AUY) upgraded to Neutral from Underweight at HSBC.
09:36 EDTAMZNActive equity options trading on open
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08:08 EDTAMZNSplunk, AWS to integrate Hunk on Amazon Elastic MapReduce
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07:59 EDTWFMWhole Foods prices 13%-30% higher than peers, says Jefferies
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07:58 EDTSTISunTrust initiated with a Market Perform at Bernstein
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07:34 EDTIPInternational Paper upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded International Paper to Buy from Neutral. The firm upgraded shares based on expectations the company will attempt to convert part of the portfolio to a Master Limited Partnership, or MLP. Price target raised to $55 from $53.
07:05 EDTAMZNAmazon.com expands seller holiday deals program worldwide
Amazon announced that for the first time, top deals from sellers on Amazon will be featured on holiday deal pages worldwide. The holiday deals from sellers will now appear on the Amazon Today’s Deals page, Black Friday Store, Cyber Monday Store and many other high customer traffic site features. Participating sellers will be offering thousands of deals throughout the holiday season across most product categories. The seller holiday deals program, introduced for the first time last year, is now expanding to be available worldwide on local Amazon sites in the U.S., the EU, China, Japan, India and Canada.
06:14 EDTAMZNEC probes transfer pricing arrangements on taxation of Amazon in Luxembourg
The European Commission has opened an in-depth investigation to examine whether the decision by Luxembourg's tax authorities with regard to the corporate income tax to be paid by Amazon in Luxembourg comply with the EU rules on state aid. The opening of an in-depth investigation gives interested third parties and the Member States concerned an opportunity to submit comments. It does not prejudge the outcome of the investigation. The tax ruling in favor of Amazon under investigation dates back to 2003 and is still in force. It applies to Amazon's subsidiary Amazon EU Sarl, which is based in Luxembourg and records most of Amazon's European profits. Based on a methodology set by the tax ruling, Amazon EU Sarl pays a tax deductible royalty to a limited liability partnership established in Luxembourg but which is not subject to corporate taxation in Luxembourg. As a result, most European profits of Amazon are recorded in Luxembourg but are not taxed in Luxembourg. At this stage the Commission considers that the amount of this royalty, which lowers the taxable profits of Amazon EU Sarl each year, might not be in line with market conditions. The Commission has concerns that the ruling could underestimate the taxable profits of Amazon EU Sarl, and thereby grant an economic advantage to Amazon by allowing the group to pay less tax than other companies whose profits are allocated in line with market terms. The Commission will now continue investigating to determine whether its concerns are confirmed. Luxembourg did not fully comply with the Commission's request for information as part of its information gathering exercise in relation to tax ruling practices in some Member States but only provided a limited sample. In June the Commission therefore initiated infringement proceedings against Luxembourg by issuing letters of formal notice. Although the Luxembourgish authorities have still not fully complied with the Commission's information request, in August Luxembourg did provide information on a number of cases requested by the Commission, including Amazon. Reference Link
October 6, 2014
17:53 EDTWFMWhole Foods recommends shareholders reject TRC Capital's 'Mini-Tender' offer
Whole Foods Market has been notified of an unsolicited mini-tender offer by TRC Capital Corporation to purchase up to 3M Whole Foods Market common shares, or approximately 0.83% of the common shares outstanding as of September 28, at a price of $36.25 per share. Whole Foods Market does not endorse this unsolicited mini-tender offer and recommends that shareholders reject the offer and do not tender their shares in response to the offer. Whole Foods Market is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation.
16:00 EDTAMZNOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
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